MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Stake in Champion Homes, Inc. $SKY

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Champion Homes, Inc. (NYSE:SKY) by 4.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,933 shares of the company’s stock after buying an additional 1,385 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of Champion Homes worth $3,026,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Interval Partners LP purchased a new stake in shares of Champion Homes during the 1st quarter valued at $14,849,000. Bosun Asset Management LLC purchased a new stake in shares of Champion Homes during the 1st quarter valued at $208,000. Alliancebernstein L.P. raised its position in shares of Champion Homes by 67.1% during the 1st quarter. Alliancebernstein L.P. now owns 1,716,459 shares of the company’s stock valued at $162,652,000 after buying an additional 689,265 shares in the last quarter. AQR Capital Management LLC purchased a new stake in shares of Champion Homes during the 1st quarter valued at $294,000. Finally, 4D Advisors LLC purchased a new stake in shares of Champion Homes during the 1st quarter valued at $2,369,000.

Insider Buying and Selling

In other Champion Homes news, EVP Joseph A. Kimmell sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $66.03, for a total transaction of $198,090.00. Following the completion of the transaction, the executive vice president owned 44,568 shares of the company’s stock, valued at $2,942,825.04. This represents a 6.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by insiders.

Champion Homes Stock Performance

Shares of NYSE:SKY opened at $74.65 on Friday. The company has a 50-day moving average price of $69.90 and a 200-day moving average price of $77.90. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 19.85 and a beta of 1.18. The company has a current ratio of 2.39, a quick ratio of 1.59 and a debt-to-equity ratio of 0.02. Champion Homes, Inc. has a 12 month low of $59.44 and a 12 month high of $116.49.

Champion Homes (NYSE:SKY) last released its quarterly earnings results on Tuesday, August 5th. The company reported $1.19 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.31. The business had revenue of $701.32 million during the quarter, compared to analyst estimates of $642.18 million. Champion Homes had a return on equity of 14.35% and a net margin of 8.50%.Champion Homes’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.91 EPS. As a group, equities analysts anticipate that Champion Homes, Inc. will post 3.63 EPS for the current year.

Champion Homes declared that its Board of Directors has initiated a stock repurchase plan on Friday, May 30th that authorizes the company to buyback $50.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Zelman & Associates upgraded shares of Champion Homes from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 5th. Royal Bank Of Canada lifted their target price on shares of Champion Homes from $82.00 to $85.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Finally, Barclays lifted their target price on shares of Champion Homes from $72.00 to $74.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Champion Homes has a consensus rating of “Hold” and a consensus price target of $86.00.

Champion Homes Company Profile

Skyline Champion Corporation produces and sells factory-built housing in North America. The company offers manufactured and modular homes, park models RVs, accessory dwelling units, and modular buildings for the multi-family and hospitality sectors. It builds homes under the Skyline Homes, Champion Home Builders, Genesis Homes, Athens Park Models, Dutch Housing, Atlantic Homes, Excel Homes, Homes of Merit, New Era, Redman Homes, ScotBilt Homes, Shore Park, Silvercrest, and Titan Homes brands in the United States; and Moduline and SRI Homes brand names in western Canada.